This illustration is based on standard UK tax rules using a cumulative 1257L tax code. Day-rate calculations use a standard 8hr day baseline. Statutory Holiday Pay is calculated at 12.07%. A £4/wk admin fee applies when using Salary Sacrifice.
*Please note contractors automatically opt-in to the workplace pension after 12-weeks unless stated otherwise.
Rated “Excellent” on Trustpilot, our clients, contractors and employees are happy to recommend ADVANCE time and time again. See our Trustpilot reviews to find out for yourself.
If you know a contractor or worker who would benefit from our services, simply refer them to the ADVANCE team today. As a thank you for your successful recommendation, we will treat you to a £50 voucher once they are up and running. The more you refer the more you can earn. It’s that easy.
Got questions? We are here to help.
Here are a few of our most frequently asked questions.
You become an employee of the Umbrella company, which receives your agreed assignment rate from the agency or end client. The umbrella company deducts all employment costs, leaving a gross pay figure, from which employee deductions are taken. The amount remaining is paid to you as your net payment.
As you are employed, the IR35 rules do not apply. However, for more information about IR35 rules, click here and visit our IR35 Hub.
Our margin is retained to cover the cost of our services, insurances, and support. A margin is only ever retained when you are actually working and being paid.
The only expenses that can be paid tax free are genuine business expenses incurred wholly, exclusively and necessarily in the performance of your duties. The expense must be for a legitimate business purpose, have actually been incurred by you and be supported by appropriate evidence.
Incredibly so. We handle the heavy lifting, coordinating with your agency to ensure a smooth transition. Usually, we can have you fully onboarded and ready for your next payment within the same day.